Goosehead Insurance, Inc. (NASDAQ:GSHD) Q2 2023 Earnings Conference Call July 26, 2023 4:30 PM ET

Corporate Participants

Dan Farrell - Vice President, Capital Markets

Mark Jones - Chairman and Chief Executive Officer

Mark Miller - President and Chief Operating Officer

Mark Jones Jr. - Chief Financial Officer

Conference Call Participants

Matt Carletti - JMP

Michael Zaremski - BMO

Tommy McJoynt- Keefe, Bruyette, and Woods

Mark Hughes - Truist Securities

Paul Newsome - Piper Sandler

Katie Sakys - Autonomous Research

Scott Heleniak - RBC Capital Markets

Pablo Singzon - JPMorgan

Operator

Hello and thank you for standing by. Welcome to Goosehead Insurance Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions].

I would now like to turn the call over to Dan Farrell, VP of Capital Markets. Sir, you may begin.

Dan Farrell

Thank you and good afternoon. Before we begin our formal remarks, I need to remind everyone that part of our discussion today may include forward-looking statements, which are based on the expectations, estimates and projections of management as of today.

Forward-looking statements in our discussion are subject to various assumptions, risks, uncertainties and other factors that are difficult to predict, and which could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These statements are not guarantees of future performance, and therefore, undue reliance should not be placed upon them. We refer all of you to our recent SEC filings for a more detailed discussion of the risks and uncertainties that could impact future operating results and financial condition of Goosehead Insurance. We disclaim any intention or obligation to update or revise any forward-looking statements, except to the extent required by applicable law.

I would also like to point out that during the call, we will discuss certain financial measures that are not prepared in accordance with GAAP. Management uses these non-GAAP financial measures when planning, monitoring and evaluating our performance. We consider these non-GAAP financial measures to be useful metrics for management and investors to facilitate operating performance comparisons from period to period by excluding potential differences caused by variations in capital structure, tax position, depreciation, amortization and certain other items that we believe are not representative of our core business. For more information regarding the use of non-GAAP financial measures, including reconciliations of these measures to the most recent comparable GAAP financial measures, we refer you to today's earnings release.